Common use of Authorizations, etc Clause in Contracts

Authorizations, etc. The Borrower and each of its Subsidiaries possess all authorizations, permits, consents, registrations and approvals necessary to properly conduct their respective businesses at full operating capacity, and all such authorizations, permits, consents, registrations and approvals are in good standing and in full force and effect, except to the extent that the failure to possess any such authorization, permit, consent, registration or approval, or for the same to be in full force and effect, would not and could not reasonably be expected to have a Material Adverse Effect;